Stephens & Co. Reiterates Equal-Weight on DermTech, Maintains $1.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Mason Carrico reiterated an Equal-Weight rating on DermTech (NASDAQ:DMTK) and maintained a $1.5 price target.

April 19, 2024 | 2:36 pm
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NEUTRAL IMPACT
Stephens & Co. reaffirmed an Equal-Weight rating on DermTech with a $1.5 price target, indicating a neutral outlook.
The reiteration of an Equal-Weight rating and maintenance of the price target by Stephens & Co. suggests a stable but cautious outlook for DermTech. This neutral stance likely reflects an assessment of current market conditions and company performance that does not warrant a change in investment stance. Therefore, the short-term impact on DMTK's stock price is expected to be minimal, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100